Bobby Julien Of Kolter Homes Acquires Development Site In Loxahatchee For $66.71M

The asset involved in this transaction is a development site located at Southern Boulevard/U.S. 441 in Loxahatchee. The sale was finalized for $66,710,000, encompassing a total area of 462.6 acres that is intended for a mixed-use community development. This site will feature 480 homes, 54 townhouses, and 47,000 square feet allocated for commercial use.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $66,710,000
• Buyer: Bobby Julien - Kolter Homes
• Seller: John C. Fleming - Fleming Properties
• Seller: Robin Fleming - Trium Investments
• Market: Loxahatchee

Key individuals in this transaction include Bobby Julien, representing Kolter Homes as the buyer, and John C. Fleming and Robin Fleming, who are the sellers representing Fleming Properties and Trium Investments respectively. This acquisition adds a significant development project to Kolter Homes' portfolio aimed at enhancing the local community.